Flexible Budget for Selling and Administrative Expenses for a Service company
Morningsi...
Flexible Budget for Selling and Administrative Expenses for a Service company
Morningside Technologies Inc. uses flexible budgets that are based on the following data:
Sales commissions 15% of sales
Advertising expense 12% of sales
Miscellaneous administrative expense $8,000 per month plus 10% of sales
Office salaries expense $32,000 per month
Customer support expenses $14,000 per month plus 18% of sales
Research and development expense $35,000 per month
Prepare a flexible selling and administrative expenses budget for April for sales volumes of $400,000, $500,000, and $600,000.
MORNINGSIDE TECHNOLOGIES INC.
Flexible Selling and Administrative Expenses Budget
For the Month Ending April 30
Total sales $400,000 $500,000 $600,000
Variable cost:
Sales commissions $ $ $
Advertising expense
Miscellaneous administrative expense
Customer support expense
Total variable cost $ $ $
Fixed cost:
Miscellaneous administrative expense $ $ $
Office salaries expense
Customer support expense
Research and development expense
Total fixed cost $ $ $
Total selling and administrative expenses $ $ $
Answers: 3
Business, 21.06.2019 19:40, nessabear9472
Prairie, inc. produces one single product. it has an annual capacity of 10,000 units, but currently uses only 80% of it. each unit is sold for $50 and requires direct material worth $30 and direct labor worth $5. manufacturing overhead cost is $10 per unit of which 70% is variable. should a special order to sell 1,000 units at $44 be accepted? yes no
Answers: 2
Business, 22.06.2019 11:30, zitterkoph
Leticia has worked for 20 years in the public relations department of a large firm and has been the vice-president for the past ten years. it is unlikely she will ever be promoted to the top executive position in her firm even though she has directed several successful projects and is quite capable. her lack of promotion is an illustration of (a) the "glass ceiling" (b) the "glass elevator" (c) the "mommy track" (d) sexual harassment
Answers: 3
Business, 23.06.2019 01:30, Ecneixneixnwism8984
What is a market? a. a system that allows people or companies to buy and sell products and services b. the number of companies willing to manufacture a specific product c. the ability to buy production materials in large quantities and save on costs d. a product's ability to satisfy a consumer
Answers: 2
Business, 23.06.2019 13:40, irlShadow
Type the correct answer in the box spell all words correctlyaccording to aristotle's three critical elements of good communication, what equates to logic? one of aristotle's critical elements of good communication iswhich equates to logicresetnext
Answers: 3
Biology, 19.01.2021 22:30
History, 19.01.2021 22:30
English, 19.01.2021 22:30
Biology, 19.01.2021 22:30